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Hastings Technology Metals Limited
(Sydney:HAS)
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Rating:44Neutral
Price Target:
AU$0.20
▼(-28.93% Downside)
Action:Reiterated
Date:10/02/26
The score is primarily constrained by weak financial performance (pre-revenue/low revenue, persistent losses, and ongoing cash burn with funding dependence), despite improved leverage in 2026. Technicals also weigh on the score, with price below key moving averages and negative MACD. Valuation offers limited support because negative earnings make P/E less meaningful and there is no dividend yield.
Positive Factors
Sharp leverage reduction
The sharp reduction in debt-to-equity materially lowers refinancing and solvency pressure compared with the prior year. A less leveraged balance sheet gives Hastings greater flexibility to pursue project development and withstand funding delays, although profitability has not yet been achieved.
Negative Factors
No established revenue base
The return to zero revenue in 2026 shows that Hastings has not yet established a dependable commercial sales base. Without recurring operating revenue, the company cannot currently demonstrate customer demand, production scale, or self-funded growth, leaving future value dependent on project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp leverage reduction
The sharp reduction in debt-to-equity materially lowers refinancing and solvency pressure compared with the prior year. A less leveraged balance sheet gives Hastings greater flexibility to pursue project development and withstand funding delays, although profitability has not yet been achieved.
Read all positive factors
Hastings Technology Metals Limited (HAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.04M
Dividend YieldN/A
Average Volume (3M)100.74K
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue GrowthN/A
EPS Growth98.14%
CountryAU
Employees21
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding234,317,120
10 Day Avg. Volume102,864
30 Day Avg. Volume100,737
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.58
Price to Sales (P/S)0.00
P/FCF Ratio-5.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.03
Revenue Forecast (FY)AU$5.75M
Hastings Technology Metals Limited Business Overview & Revenue Model
Company Description
Hastings Technology Metals Limited is an Australian firm dedicated to identifying and developing rare earth mineral resources, primarily focusing on neodymium and praseodymium. Its flagship undertaking is the Yangibana Rare Earths Project, located...
How the Company Makes Money
HAS is a pre-revenue or early-stage development company whose business model is to create value by advancing rare earth mineral projects from exploration through feasibility, financing, construction, and ultimately production. If and when in produ...
Hastings Technology Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 2.27M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -461.01K | 2.27M | -657.00K | -421.00K | -375.00K |
| EBITDA | -6.55M | -4.47M | 1.97M | 10.40M | -9.03M |
| Net Income | -5.13M | -222.11M | -33.79M | -10.58M | -9.44M |
Balance Sheet | |||||
| Total Assets | 106.52M | 222.77M | 480.00M | 493.42M | 298.34M |
| Cash, Cash Equivalents and Short-Term Investments | 3.71M | 10.83M | 17.89M | 98.64M | 134.87M |
| Total Debt | 5.82M | 129.17M | 169.30M | 134.80M | 590.35K |
| Total Liabilities | 13.02M | 137.26M | 183.59M | 178.25M | 15.91M |
| Stockholders Equity | 93.50M | 85.51M | 296.42M | 315.17M | 282.43M |
Cash Flow | |||||
| Free Cash Flow | -10.23M | -24.45M | -99.04M | -134.44M | -43.20M |
| Operating Cash Flow | -5.04M | -5.94M | -9.65M | -7.18M | -10.01M |
| Investing Cash Flow | 6.32M | -19.78M | -85.43M | -263.25M | 34.38M |
| Financing Cash Flow | 1.76M | 8.52M | 14.36M | 249.22M | 67.43M |
Hastings Technology Metals Limited Technical Analysis
Negative
0.28
Price Trends
0.28
Negative
0.30
Negative
0.40
Negative
Market Momentum
-0.02
Positive
22.59
Positive
-7.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAS, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.28, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 22.59 is Positive, neither overbought nor oversold. The STOCH value of -7.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HAS.
Hastings Technology Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$108.41M | -3.63 | -66.87% | ― | ― | -254.05% | |
48 Neutral | AU$24.41M | -4.50 | -19.95% | ― | ― | -2.96% | |
45 Neutral | AU$23.65M | -3.08 | -43.52% | 26.19% | ― | 76.51% | |
45 Neutral | AU$23.05M | -1.21 | -29.51% | ― | -100.00% | -164.77% | |
44 Neutral | AU$48.04M | -9.47 | -5.52% | ― | ― | 98.14% | |
41 Neutral | AU$30.92M | -3.37 | -25.49% | ― | ― | -100.00% |
* Basic Materials Sector Average
AU:HAS
Hastings Technology Metals Limited
0.23
-0.62
-73.25%
AU:ETM
Greenland Minerals Limited
0.05
-0.07
-58.33%
AU:NMT
Neometals Ltd
0.03
-0.04
-61.43%
AU:VML
Vital Metals Ltd
0.10
-0.28
-74.32%
AU:AR3
Australian Rare Earths Limited
0.10
-0.23
-70.31%
AU:EMH
European Metals Holdings Limited
0.15
-0.09
-36.96%
Hastings Technology Metals Limited Corporate Events
Hastings Technology Metals Sets AGM Date and Opens Director Nominations
Oct 5, 2026
Hastings Technology Metals has scheduled its next Annual General Meeting for 27 November 2026 at 10:00am WST, with the event to be accessible both in person and online. Further details about the AGM will be provided closer to the date, giving shar...
Hastings Technology Metals Details Governance in 2026 Annual Report
Sep 30, 2026
Hastings Technology Metals Limited has released its annual report for the year ended 30 June 2026, outlining its corporate structure and key governance details. The report highlights the company’s board composition, registered and principal ...
Hastings Technology Metals Completes Share Placement and Issues Cleansing Notice
Aug 28, 2026
Hastings Technology Metals has issued 3,863,889 new shares at $0.27 each to professional and sophisticated investors via a share placement, conducted without a disclosure document under the relevant provisions of the Corporations Act. The move mod...
Hastings Accelerates Mine-to-MREC Strategy with Thai Plant Stake and Yangibana Update
Jul 24, 2026
Hastings Technology Metals reported progress on its strategy to evolve from an upstream developer into an integrated rare earths producer, highlighted by advancing a binding deal to acquire a 49% stake in a hydrometallurgical Mixed Rare Earth Chlo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.